CoinVoice has learned that, according to CoinDesk, less than a year after the implementation of the European Union's Markets in Crypto-Assets Regulation (MiCA), various issues have already begun to emerge, and regulators are taking steps to prevent further deterioration. Currently, there are concerns that some member states are issuing licenses too quickly. The European Securities and Markets Authority (ESMA) plans to adopt more centralized and stringent regulatory measures within its jurisdiction for cryptocurrency oversight, although specific details of the plan are not yet clear. One potential change involves liquidity sharing outside the EU and the use of a unified order book. From a regulatory perspective, shared order books could blur responsibilities related to trade matching, information disclosure, risk management, and best execution; from a trader's perspective, aggregating buy and sell orders among a broader population can create greater liquidity, facilitate easier trading, and lead to more accurate pricing. ESMA has not yet...